Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Short Interest Update

by · The Cerbat Gem

Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 199,900 shares, a growth of 847.4% from the September 30th total of 21,100 shares. Based on an average daily trading volume, of 441,400 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Nuveen Municipal Value Fund

A number of institutional investors have recently added to or reduced their stakes in NUV. Williams Financial LLC purchased a new stake in Nuveen Municipal Value Fund during the 2nd quarter worth about $2,661,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen Municipal Value Fund by 38.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 896,990 shares of the closed-end fund’s stock valued at $8,091,000 after acquiring an additional 250,517 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in shares of Nuveen Municipal Value Fund by 11.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,999,613 shares of the closed-end fund’s stock valued at $17,257,000 after acquiring an additional 202,782 shares in the last quarter. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Nuveen Municipal Value Fund in the 2nd quarter valued at about $1,573,000. Finally, Congress Park Capital LLC raised its holdings in shares of Nuveen Municipal Value Fund by 41.7% in the 2nd quarter. Congress Park Capital LLC now owns 492,882 shares of the closed-end fund’s stock valued at $4,254,000 after acquiring an additional 145,000 shares in the last quarter. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

NUV traded up $0.04 during trading on Friday, reaching $8.92. 346,409 shares of the company were exchanged, compared to its average volume of 417,114. The company’s 50-day moving average is $8.98 and its two-hundred day moving average is $8.73. Nuveen Municipal Value Fund has a 12-month low of $7.86 and a 12-month high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.031 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.37 dividend on an annualized basis and a yield of 4.17%.

Nuveen Municipal Value Fund Company Profile

(Get Free Report)

Nuveen Municipal Value Fund, Inc is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments.

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